Earning a management fee for managing or monitoring assets under management (AUM) results in income that should be taxed at ordinary income tax rates. (Fees earned and taxed in Year 1).
Earning a reputation for prudent management of the nation's finances was the essential precondition for improving public services and ameliorating poverty.
The decision by Citigroup certainly makes me wonder how confident their management team is about future earning prospects, as it seems like a desperation move.
The biggest winners over a five-year period are material management directors, who are earning 18% more this year than in 2007, and accounting directors, whose paychecks have grown 17.8% in the same period.
He structured his relationship with the pension such that he would earn a little money from the fund through pretending to serve as a fiduciary providing objective advice while he was earning millions from money managers who paid him in return for money management assignments.
The author of the blockbuster time management book series -- which a dvocates personal outsourcing as part of his formula for earning more in less time -- said subterfuge and allowing someone unauthorized access to the company computers is not the way forward.